The Dishui Lake Financial Bay in Shanghai's Lin-gang Special Area is emerging as a new landmark in China, representing the continued opening-up of the country's financial industry.

The Dishui Lake Financial Bay in Shanghai's Lin-gang Special Area. [Photo/lingang.gov.cn]

Situated north of Dishui Lake, the financial bay covers 98 hectares and serves as a key functional zone within Lin-gang's open economic framework. With a focus on cross-border and offshore financial services, the bay is set to become Shanghai's third international financial center.

The Shanghai International Reinsurance Exchange, located in the financial bay, ranks as China's only reinsurance infrastructure platform.

The Shanghai International Reinsurance Exchange in Lin-gang. [Photo/lingang.gov.cn]

During the development of the center, digital infrastructure was established to address critical industry challenges, including data exchange between institutions, connectivity gaps, and inconsistent documentation formats. The platform currently serves 134 reinsurance market participants.

Lin-gang also serves as an important gateway for opening-up. Its "Going Global" Comprehensive Service Platform stands as the nation's first physical platform dedicated to supporting enterprises' overseas expansion.

The "Going Global" Comprehensive Service Platform in Lin-gang. [Photo/lingang.gov.cn]

Focusing on public services, professional service institutions from various sectors provide on-site consulting at the platform from Tuesday to Friday. Another key function is that it promotes open innovation, ensuring more enterprises benefit from the open policies and initiatives.

By attracting enterprises to set up their overseas or cross-border headquarters in Lin-gang and leveraging the area's cross-border finance and data advantages, the platform helps companies expand internationally. It now hosts more than 540 professional service providers, offering enterprises one-stop support in their bid to go global.